A few key results

Science-based target

Set to reduce our 30 June 2025 greenhouse gas emissions by 51% against a 2019 baseline.

$70bn environmental financing target

Financing activities planned to help address climate change and support the transition to a low carbon economy, measured as total cumulative flow of new environmental financing from a 1 October 2015 baseline.

Why is this important?

NAB recognises that climate change is one of the most significant challenges to society and the economy. Financial regulators have also acknowledged climate change is a systemic financial risk which they are incorporating into supervisory frameworks.

We support the transition to a low-carbon economy, and will seek to manage our portfolio to align with the Paris Agreement goal of limiting global warming to less than two degrees Celsius, preferably to 1.5 degrees Celsius above pre-industrial levels. We will do this while supporting security of energy supply in Australia and New Zealand, and working with customers, related suppliers and their employees and communities in which they operate. We will review targets regularly against the latest global climate scenarios and relevant technology developments.

NAB’s updated climate strategy covers:

  • A goal of aligning our lending portfolio to net zero emissions by 2050
  • Working with customers to decarbonise and build climate-related resilience
  • Managing climate risk.

Supported by:

  • Actively reducing NAB’s own emissions
  • Developing the climate capability of colleagues
  • Research, partnerships and engagement.

NAB’s updated climate strategy aligns our long-term goals with the United Nations’ Principles for Responsible Banking, the Paris Agreement and the United Nations Sustainable Development Goals where we expect to have the biggest impact. These include SDG #7 ‘Affordable and clean energy’ and SDG #13 ‘Climate action’.

A long-standing objective of our climate change strategy has been to learn by doing and then incorporate this knowledge into how we manage environment, social and governance (ESG) risks and provide products and services to assist our customers.

For more details about our climate change strategy and governance refer to our our 2021 Annual Review (pages 29-36).

Download our Environmental Agenda (PDF, 301 KB).

What do we do?

Discover more

Environmental performance

Our environmental targets, assurance and certifications help us operate more efficiently while addressing key environmental challenges.

Environmental products and services

We’re helping our customers take action for the good of the environment and their business.

Natural Capital

We’re integrating natural capital considerations into our day-to-day decision making and risk assessment processes.

Resource scarcity

We’re working towards minimising waste and reducing consumption.